XERO SETUP and CONVERSION
Having your accounting system setup correctly from the start is imperative to achieving a successful result in understanding your business. At Bookkeeping Matterz, we have certified Xero Migration experts who can ensure the system is setup correctly and working efficiently for your business.
CONVERTING FROM MYOB and QUICKBOOKS
Converting from one software to another can be very daunting. As certified Xero Migration experts, we can help eliminate the stress and allow you to take a hands off approach to the conversion process.
REVIEWING YOUR DATAFILE
It is never too late to review your datafile and improve your processes to enable everything to run smoothly. At Bookkeeping Matterz, we will review your file, provide a report on the areas that are of concern and provide advice on how to remedy the concerns.
At Bookkeeping Matterz we offer a full range of bookkeeping services that allow our clients to work with us to optimise both our clients time and bookkeeping procedures.
DAY TO DAY BOOKKEEPING
We can process sales invoice, purchase invoices and receipts to keep your bookkeeping up to date.
We will reconcile your bank and credit card accounts on a weekly, fortnightly or monthly basis (as agreed) and ensure everything is reconciled and accounted for.
Having your accounts payable and accounts receivable ledger in order and automated is key to good cash flow and business health. At Bookkeeping Matterz, we will manage this along with our day to day bookkeeping services to ensure the most accurate reporting.
To have a genuine understanding of the finances of their business, a owner must first be provided with meaningful reports. We can provide a standard set of management reports with detailed explanations and breakdown of areas of note. Should you need more information, we can provide a custom set of reports tailored to needs and budget.
Whether the businesses payroll is as simple as a single employee on a fixed wage, or as complex as hundreds of employees incorporating salary sacrifice and allowances, Bookkeeping Matterz is here to help. As Certified Xero Payroll experts, we have the knowledge to help in all aspects of payroll.
We can prepare your payroll, email payslips, email reports and upload payments to your online banking software. We can monitor and calculate all leave entitlements, including Annual Leave, Personal/Carers Leave, Paid Parental Leave and Long Service Leave. We will also ensure you are Single Touch Compliant
Your payroll can be prepared on either a Weekly, Fortnightly, Monthly or Quarterly basis, we are here to fit in with your current payroll schedule.
Superannuation compliance has become a big issue with the ATO. Penalties for non-compliance are heavy. Don't get caught out.
We can calculate, track and pay super on your behalf, ensuring you meet all ATO compliance requirements. Using accounting software provided clearing house or fund specific clearing house, we make paying super seamless and easy.
END OF YEAR PAYROLL SERVICES
With the changes in End of Year requirements for employees, understanding the requirements of employers has never been so important. We will handle all PAYG obligations, including Single Touch Payroll and Payment Summaries with ease.
For those businesses who are large enough to be required to register and pay Payroll Tax - we acan handle this for you. Knowing what wages are included and what are excluded, can be quite confusing. Get it wrong and a Payroll Tax Audit can be very costly.
We reconcile, calculate and lodge payroll tax obligations with the applicable state departments. We ensure you are registered and paying the correct states and applicable amounts.
WORKERS COMPENSATION ANNUAL DECLARATIONS
Again, not all wages need to be declared when completing your Annual Workers Compensation Actual Wage Declaration. Did you know some subcontractor payments need to be included. Incorrect declarations can lead to issues if you need to make a claim. Not checking the basis on which the Insurer calculates your premium can be expensive for you. We look after all this for you.
BAS and COMPLIANCE
BAS PREPARATION and LODGEMENT
We will review your accounts and look at your GST and PAYG coding at period end to ensure your GST is claimed correctly and the right figures are calculated and being included on the BAS. As registered BAS Agents, we will liase directly with the ATO, lodging you BAS and IAS on time and electronically on your behalf.
TAXABLE PAYMENTS ANNUAL REPORT
Do you know if your industry requires a TPAR to be lodged? This report is only required for certain industries.The Taxable Payments Annual Report summarises every payment you have made to each contractor for the previous year. Through TPAR, compliance of contractors is being observed. Data matching by the ATO detects contractors who have failed to lodge tax returns or failed to disclose their income. The team at Bookkeeping Matterz, have been providing TPARs for clients since 2012 and have an in depth knowledge of the requirements.
ATO LODGEMENT and PAYMENT EXTENSIONS
As registered BAS agents, we receive a four-week extension on both the lodgement and payment of all quarterly BAS lodgements. Lodging a paper BAS or lodging via the Business Portal - business owners do not receive this extension.
We can also assist with the arrangement of additional ATO obligation extensions should I be needed.
EDUCATION and TRAINING
We offer training in all things Xero.
If you are new to Xero or unsure on how to get the most out of Xero, we can help. We offer tailored training to Xero users on everything Xero.
Payroll in each payroll system is very different. Moving from one to another can be very daunting and confusing. We have had over 19 years’ experience in many different payroll systems would love to help. We offer tailored training to clients on everything payroll and payroll systems.
XERO HINTS and TRICKS
Did you know Xero has a calculator? Did you know you can merge Customers and/or Suppliers within contacts? Did you know you can pay your employees superannuation through Xero? If you didn’t, then there is more you can get out of Xero.
Every Wednesday, our Facebook page has a new XERO T & T
WHICH ACCOUNTING SOFTWARE BEST SUITS YOUR BUSINESS
Not all software works for every business. While accounting software like to tell you that they work for every SME, the fact is they don’t. Having 19 years’ experience in using the software and having worked with a variety of different software, we know we have a good idea. Let us sit down with you and go through your needs and processes to determine which is right for you.
WHICH ADD-ONS WILL ENHANCE YOUR BUSINESS
Xero alone has over 540 apps within their ecosystem. How are you to decide which is best for you? We do this for you! Having extensive experience with 30 major add-ons and worked with many more, we believe we have a great knowledge on what can improve your business and its processes. Let us sit down with you and go through your needs and processes to determine which is right for you.
HOW TO GET THE BEST FROM YOUR ADD-ON
Have you integrated your add-on with your software? Is it working correctly? Am I getting the full benefit from the feature of the add-on? We get asked these questions from all clients. Let us sit down with you and go through your processes within the apps and determine how to streamline your usage and maximise efficiency in the add-ons.